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Helmerich & Payne’s U.S. Onshore Activity Rising, Super-Spec Rig Demand Strong
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Helmerich & Payne’s U.S. Onshore Activity Rising, Super-Spec Rig Demand Strong

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November 16, 2018

Markets

EIAStorage1115

Volatility Abounds for Natural Gas as Markets Jumpy on Cold, Storage Fears

NGI Weekly Gas Price Index
The season’s first spell of legitimate winter cold delivered as promised for natural gas markets during the week ended Friday (Nov. 16), as the robust start to winter compounded concerns over storage deficits to send physical and futures prices soaring. The NGIWeekly Spot Gas National Avg. jumped $1.170 to $4.565/MMBtu.
Daily-Annualized-20-Day-Volatility-for-the-NYMEX-Natural-Gas-Contract-20181116.png

More Volatility as Natural Gas Futures Rally on Long-Range Cold Risks, Storage Fears

Daily GPI
Natural gas futures rallied Friday to close out a wild week, with forecasters pointing to long-range cold risks that served to exacerbate storage fears. In the spot market, a number of Northeast points gained on a wintry forecast as most regions sold off heading into the weekend; the NGI Spot Gas National Avg. fell 67.0 to $4.350/MMBtu.
US-Natural-Gas-Pipeline-Exports-to-Mexico-by-Point-of-Exit-and-Year-20181116

BP Exec Offers Advice on Improving Mexico’s Natural Gas Market

Since entering Mexico’s natural gas marketing segment in 2017, BP plc has identified several areas in which the market could be made more efficient, according to the head of the company’s North America gas marketing and trading arm.

Forecasters Watching for Signs of Early December Cold as Natural Gas Futures Called Higher

Daily GPI
December natural gas futures were trading 8.4 cents higher at $4.122/MMBtu shortly before 9 a.m. ET Friday, with forecasters pointing to milder medium-range trends and a long-range pattern that presents risks for more cold weather beginning later this month.
EIAStorage1115

‘Irrational’ NatGas Futures Reverse on Milder Trends, Plump Storage Build; Big Price Spikes Out West

Daily GPI
Milder forecast trends and a larger-than-expected injection from the Energy Information Administration's...
Daily-Prompt-Month-Henry-Hub-Futures-Settlement-Prices-20181115

Cold November Spooks Natural Gas Market with Low Storage Stocks; December Flirts with $5 Before Retreat

Forward Look
Bone-chilling cold that caught off guard a natural gas market plagued by historically low storage inventories sent Nymex futures and forwards markets screaming more than $1 higher from Nov. 8-14, according to NGI’s Forward Look.

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E&P

EIS Planned for Potential Beaufort Oil, Gas Lease Sale

Daily GPI
The Interior Department's Bureau of Ocean Energy Management said it plans to prepare an environmental impact statement for a proposed offshore oil and gas lease sale to be held next year for tracts offshore Alaska.

Anadarko’s 2019 Mantra: Spend Less, Produce More

Shale Daily
Anadarko Petroleum Corp. is promising more production on a leaner budget in 2019, even as it gears investments to a conservative $3.00/Mcf natural gas price and $50/bbl oil.
Helmerich-and-Payne-Global-Rig-Fleet-20181116

Helmerich & Payne’s U.S. Onshore Activity Rising, Super-Spec Rig Demand Strong

Shale Daily
U.S. land activity for drilling rig specialist Helmerich & Payne Inc. increased nearly 6% in fiscal 4Q2018, with spot pricing up...

Brief -- EQT Fine

Shale Daily

People -- Brian Anderson

Daily GPI

Magnolia Boosting 2018 Production Guidance, Eyeing Second Rig in Giddings Field

Shale Daily
Houston-based Magnolia Oil & Gas Corp. is raising its full-year 2018 production guidance to 53,000 boe/d from its previous 50,000 boe/d estimate, as a result of its strong results in South Texas, management said Tuesday.

More in E&P...

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Infrastructure

sdbaker1116

Eagle Ford Drilling Up as BHGE’s U.S. Rig Count Ticks Higher

Shale Daily
The U.S. rig count increased by one to 1,082 for the week ended Friday (Nov. 16), driven by an uptick in oil-directed drilling, including gains in the Eagle Ford Shale, according to data from Baker Hughes, a GE Company.
Monthly-North-Dakota-Crude-Oil-Production-and-North-Dakota-Sweet-Crude-Price-20181116

North Dakota Refinery Construction Continues Despite Court Challenge

Shale Daily
Construction on a crude oil refinery in North Dakota billed as the “cleanest” and first new U.S.-based facility in 50 years is ongoing despite a lawsuit that challenges the legitimacy of the state’s permitting process.

Columbia’s 1.3 Bcf/d WB XPress Enters Full Service

Daily GPI
TransCanada Corp. said Thursday the remainder of the Columbia Gas Transmission LLC WB XPress project has entered service, allowing another 1.3 Bcf/d of Appalachian natural gas to move to Mid-Atlantic markets.

Catastrophic Financial Impacts Facing PG&E from Wildfires

Daily GPI
With its stock price chopped in half and the prospects of credit ratings dropping below investment grade, Pacific Gas and Electric Co. on Thursday was teetering financially as it focused on cleaning up amidst one of the worst wildfires in California's history.
Mariner-East-Pipeline-Project-20180208

Sunoco Readies Service on ME 2 with Workaround

Shale Daily
Energy Transfer LP subsidiary Sunoco Pipeline LP has finally begun the commissioning process on Mariner East 2 in Pennsylvania, as the line is being filled with natural gas liquids in some areas.
Weekly-Powder-River-Basin-and-DJ-Niobrara-Rig-Counts-20181114-v2.png

DJ, PRB Infrastructure Expanding as Natural Gas, Oil Production Increases

Shale Daily
With natural gas production topping 5 Bcf/d in the Niobrara formation of the Rocky Mountains, including...

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Regulatory

Trump Plans to Nominate Wheeler as EPA Administrator

Daily GPI
President Trump said he wants Andrew Wheeler, who currently serves as acting administrator of the Environmental Protection Agency, to become the agency's official leader, and will send Wheeler's name to the Senate for confirmation.

FERC's OE Remained Focused on Fraud, Market Manipulation in FY2018

Daily GPI
FERC's Office of Enforcement remained focused "on the significant threat posed by fraud and market manipulation in wholesale energy markets" in fiscal year 2018, and continued ongoing investigative, audit, surveillance and market oversight responsibilities, according to the 2018 Report on Enforcement released Thursday.

California Natural Gas Utilities, Regulators Investigating Devastating Wildfires North and South

Daily GPI
California regulators late Thursday doubled down on the wildfires impacting each end of the state and the potential role by the two major utilities, Pacific Gas & Electric Co. and Southern California Edison.
Zepeda

Bright Star of Mexico's Energy Reform Bowing Out of Spotlight

One of main energizers of Mexico’s nascent energy reform, Juan Carlos Zepeda, has resigned as president of the upstream regulator, the Comisión Nacional de Hidrocarburos (CNH), with only five months to go before the end of his second five-year term.

Senate Democrats Call For FERC Nominee McNamee to Recuse Himself on Resiliency Issues

Daily GPI
Senate Democrats took aim at FERC nominee Bernard McNamee over his involvement in crafting a controversial Department of Energy proposal to subsidize coal and nuclear power, but the energy sector attorney pledged to serve as an "independent arbiter" of grid resiliency and reliability issues that come before the Federal Energy Regulatory Commission.

Oklahoma Supreme Court Tosses Kingfisher County Oil, Gas Wastewater Ordinance

Shale Daily
Oklahoma regulators have exclusive jurisdiction over all oil and natural gas operations, the state’s high court has ruled, siding against Kingfisher County officials, who had attempted to ban the use of temporary wastewater lines on private property.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - October 31th for November 2018
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.0900 to -0.0900
Texas Eastern S. TX -- 0.0400 to 0.0800
Transco Zone 1 -- -0.0650 to -0.0650
East Texas
Carthage -- -0.1400 to -0.1300
Houston Ship Channel 3.350 to 3.350 --
Katy -- --
NGPL TexOk -- -0.1250 to -0.1025
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.610 to 2.100 --
El Paso - Keystone Pool 1.610 to 1.730 --
El Paso - Plains Pool 2.100 to 2.100 --
El Paso - Waha Pool 1.690 to 1.720 --
Transwestern 1.610 to 1.760 --
Transwestern - Central -- --
Transwestern - W. TX 1.610 to 1.760 --
Waha 1.350 to 1.720 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.410 to 3.560 --
Chicago - Nicor Gas 3.525 to 3.540 --
Chicago - NIPSCO 3.410 to 3.560 --
Chicago - North Shore -- --
Chicago - Peoples 3.510 to 3.510 --
Consumers Energy -- 0.1200 to 0.1800
Dawn 3.300 to 3.450 0.2200 to 0.3200
Emerson -- 0.1800 to 0.2800
Joliet -- --
Lebanon -- -0.1000 to -0.0900
Michigan Consolidated 3.225 to 3.280 0.0800 to 0.1300
NGPL Amarillo Mainline -- --
Parkway/Union 3.370 to 3.445 0.3050 to 0.3550
REX Zone 3 Delivered -- -0.0900 to -0.0850
REX into ANR - Shelby -- -0.0850 to -0.0850
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.0900 to -0.0900
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.800 to 2.855 -0.3250 to -0.3000
Enable East -- -0.2450 to -0.2300
Enable West -- --
NGPL Midcontinent 2.530 to 2.720 -0.4800 to -0.4800
Northern Border Ventura 3.340 to 3.395 --
Northern Natural Demarc 3.255 to 3.455 --
Northern Natural Ventura 3.295 to 3.575 --
OGT 1.900 to 1.900 -1.2900 to -1.2700
Panhandle Eastern 2.670 to 2.890 -0.4400 to -0.3500
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1325 to -0.1150
Trunkline Zone 1A -- -0.1300 to -0.1175
South Louisiana
ANR SE -- -0.1300 to -0.1000
Columbia Gulf Mainline -- -0.1450 to -0.1350
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- 0.0050 to 0.0100
Southern Natural -- -0.0375 to -0.0300
Tennessee Line 500 -- -0.0450 to -0.0300
Tennessee Line 800 -- -0.0700 to -0.0650
Texas Eastern E. LA -- -0.1250 to -0.1250
Texas Eastern W. LA -- -0.0500 to -0.0500
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0300 to -0.0150
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0500 to 0.0500
Texas Eastern M-1, 30 -- -0.0900 to -0.0900
Transco Zone 4 -- -0.0250 to -0.0100
Transco Zone 5 -- 0.1550 to 0.1600
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.1550 to 0.1600
Appalachia
Columbia Gas -- -0.2475 to -0.2275
Dominion North -- --
Dominion South -- -0.4550 to -0.3800
Leidy Hub -- --
Millennium East Pool -- -0.3600 to -0.3000
Tenn Zone 4 200L -- -0.1650 to -0.1300
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.3800 to -0.3000
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4300 to -0.3800
Texas Eastern M-3, Delivery -- -0.1800 to -0.1500
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.3200 to -0.2900
Northeast
Algonquin Citygate -- 0.3500 to 0.6000
Algonquin Citygate (non-G) -- 0.3500 to 0.6000
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.5000 to 0.5300
Iroquois, Waddington -- 0.4000 to 0.4800
Niagara -- 0.1200 to 0.1500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.5500 to 1.6000
Tenn Zone 6 200L North -- 1.5500 to 1.6000
Tenn Zone 6 200L South -- 0.5500 to 0.5700
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.1200 to -0.0350
Transco Zone 6 non-NY North -- -0.1200 to -0.0350
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.0500 to 0.0400
Rocky Mountains
Cheyenne Hub 2.950 to 3.140 --
CIG 2.950 to 3.140 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.920 to 2.360 --
Kern River 3.220 to 3.250 --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas 12.000 to 15.250 --
Northwest Wyoming Pool -- --
Opal 3.155 to 3.280 --
Questar -- --
Stanfield 3.440 to 3.750 --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 3.675 to 3.960 --
California
Malin 3.295 to 3.390 --
PG&E Citygate 3.750 to 4.200 --
SoCal Citygate 5.610 to 5.905 --
Southern Border, PG&E 2.400 to 2.420 --
Southern Border, SoCal 2.270 to 4.000 --
SoCal Border Avg. 2.270 to 4.000 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.355 to 2.910 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 3.950 to 4.000 --
SoCal Border - Needles 2.270 to 2.270 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge 3.850 to 3.850 --
Canada
Alliance (APC) - ATP 1.950 to 1.975 --
Empress 3.495 to 3.680 --
NOVA/AECO C 1.650 to 1.825 --
Westcoast Station 2 0.570 to 0.895 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.